Core Wealth Partners LLC Increases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Core Wealth Partners LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,627 shares of the financial services provider’s stock after buying an additional 268 shares during the period. JPMorgan Chase & Co. accounts for about 1.2% of Core Wealth Partners LLC’s holdings, making the stock its 19th largest holding. Core Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,116,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Gouws Capital LLC lifted its holdings in JPMorgan Chase & Co. by 128.9% during the 1st quarter. Gouws Capital LLC now owns 3,433 shares of the financial services provider’s stock worth $842,000 after buying an additional 1,933 shares during the last quarter. AIA Group Ltd lifted its holdings in shares of JPMorgan Chase & Co. by 16.2% in the 1st quarter. AIA Group Ltd now owns 106,963 shares of the financial services provider’s stock valued at $26,238,000 after purchasing an additional 14,936 shares during the last quarter. Mainsail Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 7.5% in the 1st quarter. Mainsail Asset Management LLC now owns 1,498 shares of the financial services provider’s stock valued at $367,000 after purchasing an additional 104 shares during the last quarter. Longfellow Investment Management Co. LLC lifted its holdings in shares of JPMorgan Chase & Co. by 22.1% in the 1st quarter. Longfellow Investment Management Co. LLC now owns 5,876 shares of the financial services provider’s stock valued at $1,441,000 after purchasing an additional 1,063 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of JPMorgan Chase & Co. by 6.7% in the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,876 shares of the financial services provider’s stock valued at $1,188,000 after purchasing an additional 308 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JPM. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, July 7th. Hsbc Global Res downgraded JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Friday, June 27th. TD Cowen began coverage on JPMorgan Chase & Co. in a report on Thursday, May 15th. They issued a “buy” rating and a $305.00 target price for the company. Finally, Bank of America boosted their target price on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $288.68.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $290.48 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average is $286.42 and its two-hundred day moving average is $263.61. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $301.29. The stock has a market capitalization of $798.75 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.95 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The company had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. During the same quarter in the previous year, the firm posted $6.12 EPS. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. Research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were given a dividend of $1.40 per share. The ex-dividend date was Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is presently 28.73%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the sale, the general counsel owned 36,520 shares in the company, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,557 shares of company stock worth $4,113,796 in the last quarter. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.